CIRCULAR N° 52. REF. LEGAL: Ley N° 20.780, 2014

South America Current 2015

Issued by the tax authorities, this regulation was incorporated by the Chilean government into tax reforms of 2014. It introduced requirements for the declaration and payment of taxes on pollutant emissions by stationary sources, as described in Article 8 of Law No. 20.780 of 29 September 2014. It provides for a carbon tax of USD 5 / ton CO2 emitted. It addresses stationary (large combustion and power) plants with a capacity equal to or greater than 50 MW. It will be effective as of 2017.

Scope

Environmental

Industry sectors covered by the instrument

Specific sector/s

Organizations covered by the instrument

All organizations - specific sectors

Issuer type

Ministry of Finance & Ministry of Environment

Type of instrument

Regulation

Mandatory or voluntary

Mandatory

The geographical scope

National/federal

Project Partners